Have an account?
Identify the asset
Liquid or Quick assets =
Current assets - (Stock + Work in progress)
Current assets + Stock + Work in progress
(Current assets + Stock) + Work in progress
(Current assets + Work in progress) - Stock
Lower the Debt Equity ratio
Lower the protection to creditors
Higher the protection to creditors
It does not affect the creditors
None of the above
Accounting provides information on
Cost and income for managers
Company's tax liability for a particular year
Financial conditions of an institutions
All of the above
How many types of accounts?
Is trail balance is an accounts?
None of these
Example of Personal accounts?